EHang (NASDAQ:EH) Issues FY 2021 Earnings Guidance

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EHang (NASDAQ:EH) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $19.92 million-$27.59 million.

EH has been the topic of several recent research reports. Zacks Investment Research lowered EHang from a buy rating to a hold rating in a research report on Tuesday, April 20th. Morgan Stanley restated an equal weight rating and issued a $33.00 price objective (up from $24.00) on shares of EHang in a report on Tuesday, April 20th.

EHang stock traded up $0.87 during midday trading on Tuesday, hitting $24.06. The stock had a trading volume of 58,052 shares, compared to its average volume of 4,446,657. The firm’s fifty day moving average is $34.47 and its two-hundred day moving average is $35.25. The company has a market capitalization of $1.32 billion and a PE ratio of -150.38. EHang has a 52-week low of $7.59 and a 52-week high of $129.80.

EHang (NASDAQ:EH) last posted its earnings results on Friday, April 16th. The company reported ($0.14) earnings per share for the quarter. EHang had a negative net margin of 21.96% and a negative return on equity of 12.68%. The business had revenue of $8.37 million during the quarter. On average, equities research analysts anticipate that EHang will post -0.04 EPS for the current year.

EHang Company Profile

EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, Europe, North America, West Asia, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for a range of industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.

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